SIMPSON BOB R 4

What Happened
Bob R. Simpson, a 10% owner and Chairman of TXO GP, LLC (the general partner of TXO Partners, L.P.), purchased a total of 148,403 common units of TXO in two open‑market transactions. On 2026-05-18 he acquired 58,251 units at a weighted average price of $13.17 for $767,090, and on 2026-05-20 he acquired 90,152 units at a weighted average price of $13.35 for $1,203,655. Combined purchase value is $1,970,745. These were purchases (P), which are generally interpreted as insider buys rather than sales.

Key Details

• Transaction dates: 2026-05-18 (58,251 units @ $13.17, $767,090) and 2026-05-20 (90,152 units @ $13.35, $1,203,655).
• Total acquired: 148,403 units for $1,970,745.
• Filing date (Form 4): 2026-05-20; Period of report: 2026-05-18. Filing appears timely (no late filing flagged).
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes: purchases executed in multiple trades — 05/18 trades ranged $12.86–$13.50 (weighted avg $13.17); 05/20 trades ranged $13.25–$13.42 (weighted avg $13.35). Reporting person offered to provide trade‑by‑trade details on request.
• Role/relationship: Simpson is Chairman of the general partner (TXO GP, LLC); the issuer is managed by the GP’s board and officers.

Context

• These were open‑market purchases (code P), not option exercises or awards. For retail investors, insider purchases can be a positive signal since the insider is adding to their stake, but they are one data point among many.
• As a 10% owner and chair of the GP, Simpson is a significant holder; his trades reflect personal investment but should be considered alongside company fundamentals and other insider activity.